By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The People’s Bank of China takes center stage on Tuesday with a near-certain interest rate cut, according to the expectations of investors, who are also trying to read the political tea leaves from U.S. Secretary…
By Tim Hepher, Allison Lampert and Valerie Insinna PARIS (Reuters) -Airbus announced a record 500-plane deal with Indian airline IndiGo on day one of the Paris Airshow on Monday, as strong demand for jets and air defences vied for attention with the industry’s supply chain problems. The multibillion-dollar deal for single-aisle planes – the largest…
By David Shepardson WASHINGTON (Reuters) -A bipartisan group of U.S. lawmakers will urge the CEOs of Ford Motor and General Motors to shrink reliance on China auto parts, particularly electric vehicle batteries, sources told Reuters on Monday. Four lawmakers who are part of the House of Representatives China Select Committee will travel to Detroit Tuesday…
By Nia Williams (Reuters) -Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude settled down 48 cents, or 0.6%, to $76.13 a barrel while U.S. West Texas Intermediate (WTI) crude…
VATICAN CITY (Reuters) – U.S. climate envoy John Kerry met Pope Francis on Monday, the first official to have a private audience with him since his discharge from hospital, and told Reuters that he found the pontiff “in great spirits and in great form”. Francis, 86, left Rome’s Gemelli hospital on Friday, nine days after…
(Reuters) – Rosemarie Aquilina, the American judge who sentenced disgraced USA Gymnastics doctor Larry Nassar, has called for an independent inquiry into sports across Canada amid widespread allegations of harassment, abuse and bullying. Aquilina, who testified on Monday at the Standing Committee on Canadian Heritage, said all athletes deserved immediate and meaningful action and accountability…
(Reuters) – Raytheon Technologies on Monday said it was awarded a $264 million modification contract from the United States Navy to produce and deliver 571 short-range AIM-9X Sidewinder missiles. The company said this was a modification to a production Lot 23 contract, that was originally awarded to the defense company in Dec. 2022. Raytheon added…
(Reuters) – The third topical depression of the 2023 hurricane season has formed in the central tropical Atlantic and is expected to become a hurricane in a few days, the U.S. National Hurricane Center said on Monday. The depression, about 1,425 miles (2,295 km) east of the southern Windward Islands, is packing maximum sustained winds…
JERUSALEM (Reuters) – A top Israeli minister defied U.S. concern over settlement building in the occupied West Bank on Monday, saying the government would continue building and would not accept “preaching” from other countries. “This is our country, all of it,” said Finance Minister Bezalel Smotrich, who also holds some West Bank powers, during his…
PARIS (Reuters) – RTX expects to take a $500 million hit to free cash flow due to a supply chain problem with the GTF engine made by its Pratt & Whitney subsidiary, the company said during an investor day on Monday. GTF deliveries that are delayed in the second quarter will be recovered in the…
